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Latest: Fintech News

The Idea of AI Super-Intelligence is a ‘Fantasy’ – US Researcher
The Idea of AI Super-Intelligence is a ‘Fantasy’ – US Researcher

Firms that chase the dream of AI super-intelligence will falter, a researcher has said, as the idea "ignores the physical and economic realities that constrain all systems."

Chinese Minister Pressing Gulf States to Sign Free-Trade Deal
Chinese Minister Pressing Gulf States to Sign Free-Trade Deal

Beijing urges the Gulf Cooperation Council to conclude talks on a free-trade agreement, which first started over 20 years ago

China Firms Lobby For Nvidia’s H200 But Local Chips Remain Key
China Firms Lobby For Nvidia’s H200 But Local Chips Remain Key

Chinese demand for Nvidia’s H200 chip is high but China is unlikely to allow its firms unfettered access to the powerful processors

Australia Gets Google to Lay Subsea Cables in Papua New Guinea
ByteDance, Alibaba ‘Looking to Place Big Orders’ For Nvidia’s H200
Mexico Approves Big Tariff Hikes on Chinese, Other Asian Imports
China’s ZTE Shares Sink on Report of $1bn Fine to US For Bribery
IMF Tells China: Cut Exports, Lift Consumption, ‘Let Zombies Go’
Amazon, Microsoft Set to Spend Over $50 Billion on AI in India
Australia Begins Teen Social Media Ban, But is it Really the First?

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors